What to do after your mortgage loan application is rejected by the bank, you first need to find out the reason for the rejection. Different reasons have different solutions, the main ones are as follows.

1. Find someone to guarantee before applying for a loan.

There is a stain on your credit report. This is not a problem that can be solved in the short term. In this case, you can consult the lending bank to see if you can find a guarantor with better qualifications to provide guarantee for you.

2. Increase your income or reduce your debt ratio.

Doing this can reduce the bank's concerns and increase the success rate of mortgage applications.

3. Buy a house with a lower total price.

In this way, the down payment pressure and monthly payment pressure will not be so great, and the mortgage loan application submitted will naturally be easier to pass.

4. Re-submit the mortgage application after sorting out the loan information.

You can consult the lending bank to find out exactly where the problem occurred, and then reorganize and submit it according to the bank's requirements.

5. Wait for a while before getting a loan.

The bank's credit line will not remain tight forever. You can wait for the bank to allocate the line before applying for a loan.

6. Give up buying a house.

This is not the best choice, especially if you fail to get a mortgage due to your own reasons. If you choose to give up buying a house, you will suffer some losses, and the developer will be held liable for breach of contract based on the house purchase contract.

So in order to avoid the disadvantageous situation caused by being rejected for a mortgage loan, before applying for a mortgage loan, you can prepare your own information and go to the bank for consultation first, so that you know what to expect.

Generally, when people use the central bank’s credit records, they will leave traces of inquiries, which is disadvantageous for borrowers. Moreover, most online loans are not listed on the credit report, so the credit report cannot be checked. to obtain specific online loan information, but now you can also learn about your personal data through "Balloon Check". If there is no query record, you can also learn more about online loan overdue information, application records, dishonesty information, online loan blacklists and other information.

Extended information:

What are the reasons for housing loan rejection?

Reasons for rejection of mortgage loan Application for mortgage loan is due to the following reasons.

1. There are flaws in the credit report.

If there is a bad loan record on your credit report, or it shows a lot of debt and multiple loans, the bank will directly reject the mortgage application in order to control the risk.

2. The income does not meet the requirements.

When applying for a mortgage, the bank will require a monthly income that is more than twice the monthly payment. If there are other foreign debts that have not been settled, the bank will also increase the income requirements.

3. The loan information is incomplete or false.

To apply for a mortgage, you need to submit a lot of information such as a credit report and income certificate. If there are any omissions or falsehoods discovered by the bank, the bank will directly reject the mortgage application.

4. The age exceeds the limit.

Banks have age requirements for mortgage loans. Generally speaking, when a borrower is over 60 years old, it will be more difficult to apply for a mortgage loan. Banks will have more concerns when approving mortgage loans.

5. Bank loan funds are not very abundant.

If the bank does not have that much credit line for the time being, the mortgage loan you apply for will not be approved for the time being.

6. There is a problem with the developer’s qualifications.

For example, if the developer’s documents are incomplete and he is not qualified to apply for a mortgage, in this case, it will also affect the approval of the mortgage.

7. The source of the down payment is unknown.

For example, if the bank suspects that the down payment was raised through an online loan, in this case the bank will reject the loan application in order to control the risk.

You can see that there are many reasons why a mortgage loan is rejected. You can make a judgment based on your actual situation. If the mortgage loan is rejected due to your own reasons, this may bring you a lot of trouble. trouble.